Ethereum price may surge above $2.8K with strong investor confidence and bullish signs

From Cointelegraph

June 19, 2025 11:45 AM:

The spot ETH ETF net inflows reached $861.3 million in the last two weeks. ETH price could surge to $4,100 if a key trendline breaks. Despite hitting a four-month high of $2,880 on June 11, ETH corrected to $2,550.

Analysts believe a decisive close above $2,800 is crucial for a bullish move. Several bullish signs suggest ETH may surpass $3,000 soon. Institutional demand for spot Ethereum ETFs has been strong, with net inflows totaling $861.3 million in the past two weeks.

Ether staked hit an all-time high of over 35 million ETH. Accumulation addresses holding 22.8 million ETH also reached a record peak. These metrics signal strong investor confidence and minimal selling pressure, setting ETH up for potential price rallies.

ETH price is stuck between the 200-day SMA resistance at $2,600 and the 50-day SMA support at $2,450. A breakout above the 200-day SMA could lead to a sustained recovery toward $3,000. The bull flag pattern indicates a potential breakout toward $3,900 or even $4,200.

Read more at Cointelegraph: 3 Reasons Why Ethereum Price Could Soon See a ‘Violent Move’ Above $2.8K